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De Beers and Alrosa Raise Rough Prices
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The two largest diamond miners increased prices at this week’s rough sales as demand improved due to post-holiday restocking and strong trading ahead of the Chinese New Year.De Beers raised prices by an average of 4% to 5% at its first...
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Rough Markets
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Jan 18, 2021
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Joshua Freedman
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De Beers Cuts Clients, Keeps More Goods in Africa
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De Beers has reduced its sightholder list in a revamp of its supply system, with more goods expected to go to pure-play manufacturers, especially those with Africa-based factories.The new list features fewer diamond dealers than before, as De Beers...
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Rough Markets
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Jan 17, 2021
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Joshua Freedman
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De Beers Raises Prices at December Sight
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De Beers lifted prices of select goods at last week’s sight, reflecting strong rough trading and improving demand in the corresponding polished categories, industry insiders told Rapaport News.Prices climbed by 1% to 2% for 0.75-carat rough goods and...
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Rough Markets
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Dec 14, 2020
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Joshua Freedman
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De Beers Planning Return of Botswana Sights
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De Beers intends to reintroduce sights in Botswana in the first quarter of 2021, enabling a more efficient sales process following months of viewings in scattered locations.The miner plans to offer sightholders the flexibility to attend sales in Gaborone or continue inspecting...
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Rough Markets
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Dec 06, 2020
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Joshua Freedman, Avi Krawitz
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De Beers Lets Sightholders Defer Smaller Goods
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De Beers is allowing customers to defer purchases of smaller rough at this week’s sight, as reduced manufacturing capacity in India has slashed demand.Sightholders can refuse to buy fancies, makeables and sawables up to 0.75 carats, and instead make the...
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Rough Markets
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Nov 02, 2020
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Joshua Freedman
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De Beers Delays New Sightholder Contract
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De Beers has extended its current sightholder contract by three months after the Covid-19 pandemic disrupted the renewal process.The supply agreement, originally due to expire on December 31, will remain in place until March 31,...
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Rough Markets
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Oct 26, 2020
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Joshua Freedman
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De Beers Reduces Prices of Smaller Rough
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De Beers lowered prices of rough diamonds below 1 carat as the positive sales momentum that began last month continued during this week’s sight, sightholders told Rapaport News.The reductions for the September sight are...
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Rough Markets
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Sep 23, 2020
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Joshua Freedman
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Rough-Market Momentum Set to Continue
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The resurgence in rough-diamond trading will persist for another two months as manufacturers fill supply shortages and retail demand rises, dealers predicted.“There’s still a gap, because demand is there, and supply is very limited and...
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Rough Markets
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Sep 03, 2020
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Joshua Freedman
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De Beers Cuts Prices at August Sight
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De Beers has reduced prices of rough larger than 1 carat ahead of next week’s sight amid a gradual improvement in demand and shortages in certain categories, sources said. The reductions are around 6% to 8%, according to sightholders and...
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Rough Markets
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Aug 20, 2020
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Joshua Freedman
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What De Beers and Alrosa Clients Really Want
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Ask a De Beers or Alrosa contract client about the biggest problems with the miners’ age-old systems for selling rough, and the answer will probably include a comment on prices. High rough prices relative to polished...
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Rough Markets
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Aug 13, 2020
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Joshua Freedman
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Nine Sightholders Aim for Carbon Neutrality
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Nine De Beers sightholders have committed to becoming carbon-neutral, aiming to align the manufacturing sector with environmental standards present elsewhere in the diamond industry.The participants will begin by assessing their current emissions, and will then...
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Manufacturing
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Jul 29, 2020
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Rapaport News
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De Beers to Hold Viewings in Antwerp and Dubai
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De Beers will allow clients to view goods in Antwerp and Dubai at next week’s sight, with both the company and its Russian rival Alrosa maintaining their policies of enabling 100% deferrals.The two largest miners...
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Rough Markets
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Jul 23, 2020
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Joshua Freedman
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De Beers Sight Opens with Viewings in Antwerp
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De Beers has been holding sight viewings in Antwerp this week as part of its move to offer goods in locations other than Botswana due to the coronavirus.The company might also enable customers to view rough in Hong Kong...
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Rough Markets
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Jun 17, 2020
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Joshua Freedman
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De Beers Offering Sight Goods Outside Botswana
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De Beers will hold viewings of sight goods in locations other than Botswana, enabling customers to access the company’s rough amid travel restrictions.The miner will introduce the provision in “relevant diamond centers” for the upcoming...
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Rough Markets
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Jun 02, 2020
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Joshua Freedman
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De Beers Suspends Applications for Sight Contracts
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De Beers has paused the application process for its new sightholder contract due to the impact of COVID-19 on its clients’ business operations.“We’ve...been looking at ways that we might lighten the load on our customers and give...
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Rough Markets
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May 05, 2020
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Rapaport News
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De Beers Offers 100% Deferrals at May Sight
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De Beers is allowing rough-diamond customers to skip all purchases at next week’s sight, as shutdowns of manufacturing and retail markets have led to minimal demand.The sight will be the second consecutive sale at which the miner has allowed...
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Rough Markets
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Apr 30, 2020
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Joshua Freedman
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De Beers Cancels March-April Sight
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De Beers has called off this week’s sight in Botswana, citing restrictions resulting from measures to contain the coronavirus.Lockdowns in Botswana, South Africa and India are prohibiting sightholders from traveling and preventing the shipment...
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Rough Markets
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Mar 30, 2020
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Rapaport News
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De Beers Enables 100% Deferrals at March Sight
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De Beers is allowing sightholders unlimited deferrals at its upcoming rough-diamond sale as manufacturing closures have obliterated demand, market sources told Rapaport News.The rare step follows the shutdown of the Surat polishing industry this week...
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Rough Markets
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Mar 26, 2020
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Joshua Freedman
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De Beers Sight Still On Despite Travel Ban
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De Beers’ upcoming sight in Botswana will still take place despite the country’s ban on arrivals from the US, China, India and Belgium, the miner has confirmed.“While this is an extraordinary situation and COVID-19 has...
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Rough Markets
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Mar 18, 2020
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Joshua Freedman
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De Beers Sales Fall as Virus Impacts Sentiment
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De Beers’ rough-diamond sales declined 28% year on year to $355 million in February as the coronavirus hit demand.Many sightholders took up the miner’s offer to delay buying goods destined for China, sources in the rough market told...
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Rough Markets
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Mar 04, 2020
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Joshua Freedman
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